Milwaukee-Waukesha, WI MSA
FY 2026 HUD Fair Market Rents for the Milwaukee-Waukesha, WI MSA metro area. Population: 1,568,940.
Fair Market Rents (2026)
Studio
National avg: $893
$1,027/mo
↑ 9.4% YoY
+15% vs US
1 Bedroom
National avg: $959
$1,119/mo
↑ 6.0% YoY
+17% vs US
2 Bedroom
National avg: $1,175
$1,338/mo
↑ 6.4% YoY
+14% vs US
3 Bedroom
National avg: $1,525
$1,648/mo
↑ 5.8% YoY
+8% vs US
4 Bedroom
National avg: $1,756
$1,784/mo
↑ 4.9% YoY
+2% vs US
Year-over-Year Comparison
| Bedrooms | FY 2025 | FY 2026 | Change |
|---|---|---|---|
| Studio | $939 | $1,027 | +$88 (+9.4%) |
| 1 Bedroom | $1,056 | $1,119 | +$63 (+6.0%) |
| 2 Bedroom | $1,257 | $1,338 | +$81 (+6.4%) |
| 3 Bedroom | $1,558 | $1,648 | +$90 (+5.8%) |
| 4 Bedroom | $1,701 | $1,784 | +$83 (+4.9%) |
Affordability Snapshot
Based on the standard that rent should not exceed 30% of gross income:
Required annual income for 1 BR
$44,760
$3,730/month gross
Required annual income for 2 BR
$53,520
$4,460/month gross
Data source: U.S. Department of Housing and Urban Development, FY 2026 Fair Market Rents. Fair Market Rents represent the 40th percentile of gross rents for standard quality units in each area.